Fidelity Registered Investment Advisor Group Business Update

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Fidelity Registered Investment Advisor Group
Business Update

• Bill Carey
• President, FRIAG

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Topics of Discussion

• The RIA Market and the High Net Worth Opportunity
  
• FRIAGs Business Priorities
• Fidelitys Commitment To You
• Retirement Leadership

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The High Net Worth Opportunity Is Huge
Growth of RIA and HNW household assets (
Billions)
15,608
14,584
HNW Assets
13,628
11,618
8,133
1,655
1,607
1,560
1,520
1,269
RIA Assets
2002
2003
2004
2005
2006 (e)
Sources RIA Assets, Cerulli Associates, 2005 and
HNW Assets, TNS AMRP 2004. Cerulli Associates
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Total Retirement Assets Are Also Skyrocketing
Retirement Assets Held by 60 Year Olds (
Trillions)
Source Federal Reserve Survey of Consumer
Finances, Cerulli Associates, August
2004 EEstimates
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FRIAG Has Grown Rapidly
Total Clients
Ending Assets (B)
3,134
207
3,000
188
2,096
107
1,251
66
2001
2003
2005
Q1 2006
2001
2003
2005
Q1 2006
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FRIAG Business Priorities
Service Excellence

• Build a service infrastructure that delivers
  world-class service

Technology Leadership

• Develop a fully integrated platform that improves
  efficiency for our clients

Best-in-Class Solutions

• Build products and services that drive leadership
  and differentiation

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FRIAG Business Priorities
Service Excellence

• Build a service infrastructure that delivers
  world-class service

Technology Leadership

• Develop a fully integrated platform that improves
  efficiency for our clients

Best-in-Class Solutions

• Build products and services that drive leadership
  and differentiation

• Expand Fidelitys advice offering for HNW
  individuals and drive referrals

HNW Strategy
Retirement Leadership

• Build HNW retirement offering, integrate with
  Fidelity enterprise to capture rollover assets

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High Net Worth Investors Require a Higher Level
of Advice and Customization
Advice Continuum
Family Office and Ultra-HNW
FRIAG
Wealth Manager Advice and Planning (HNW
Ultra-HNW)
Net Worth
RetailSelf-Directed (Mass Affluent)
Complexity of Portfolio Personalized Advice
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A Major Shift is Underway as Baby Boomers Move
From Accumulation to Distribution
Percent of Boomers in Accumulation and
Distribution
For illustrative purposes only
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2006 Technology Update Pat Jancsy Senior Vice
President
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Technology Objectives
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Reduce the complexity of technology

• Simplify the delivery of Wealth Management

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2006 Product Highlights Gary Gallagher Senior
Vice President
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2006 FRIAG Product Highlights Foundation for
Best-in-Class
Wealth Management Leadership
Retirement Leadership
Practice Management

• Managed Account Solutions
• Alternative Investments Platform

• Small Business Enhancements
• Income Planning Support

• Transition Management
• Partner Discount Programs

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Thank You
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QA FRIAG Senior Management Panel

• Bill Carey President
• James Dario Relationship Management
• Scott DellOrfano Business Development
• Emily Chien Marketing
• Gary Gallagher Product
• Pat Jancsy Technology
• Al ONeal Service

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Clearing, custody or other brokerage services may
be provided by National Financial Services LLC,
or Fidelity Brokerage Services LLC, Members NYSE,
SIPC 429131